View source: R/time_consistent_preferences.R
exponential_discount | R Documentation |
Exponential discounting of future utility
exponential_discount(consumption, beta, delta, periods)
consumption |
value of the utility function at time t |
beta |
Discount rate relative to today |
delta |
Discount rate fo eah period in the future |
periods |
Number of periods in the future that we want to discount exponentially |
Exponentially discounted value of utility function
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